Grupo Televisa, S.A.B. (NYSE:TV) Trading Up 5.5% - What's Next?

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report)'s share price was up 5.5% during trading on Tuesday . The company traded as high as $2.31 and last traded at $2.31. Approximately 503,252 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 1,540,196 shares. The stock had previously closed at $2.19.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark reduced their target price on Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. StockNews.com raised Grupo Televisa, S.A.B. from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price on Grupo Televisa, S.A.B. from $3.30 to $2.90 and set a "buy" rating on the stock in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.35.

Grupo Televisa, S.A.B. Stock Up 13.2 %

The company has a quick ratio of 2.28, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.37 billion, a P/E ratio of -3.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. The company has a 50-day moving average of $2.20 and a two-hundred day moving average of $2.55.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. Grupo Televisa, S.A.B. had a negative return on equity of 5.50% and a negative net margin of 10.88%. The company had revenue of $812.55 million for the quarter, compared to analyst estimates of $828.35 million. On average, research analysts predict that Grupo Televisa, S.A.B. will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Grupo Televisa, S.A.B.

Several hedge funds have recently added to or reduced their stakes in TV. Sanctuary Advisors LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at $29,000. Central Pacific Bank Trust Division lifted its holdings in shares of Grupo Televisa, S.A.B. by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company's stock valued at $38,000 after purchasing an additional 5,000 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Grupo Televisa, S.A.B. by 824.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,938 shares of the company's stock valued at $50,000 after purchasing an additional 13,322 shares in the last quarter. Welch Group LLC bought a new position in shares of Grupo Televisa, S.A.B. during the second quarter valued at $55,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Grupo Televisa, S.A.B. by 35.7% during the second quarter. SG Americas Securities LLC now owns 28,154 shares of the company's stock valued at $78,000 after purchasing an additional 7,406 shares in the last quarter. 55.77% of the stock is owned by institutional investors.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.